USDA says drought will push up food prices in 2013
MINNEAPOLIS, Mn. (WKOW) -- The record drought gripping half the U.S. will help push food prices higher in 2013.
The U.S. Department of Agriculture says beef prices will see the biggest jump at 4 to 5 percent. Dairy products are expected to increase 3.5 to 4.5 percent and poultry prices could rise 3 to 4 percent.
Costs are increasing because farmers have to pay more for feed. Meat and poultry are the most affected because feed prices represent the biggest part of their cost of production. Processed food prices are less affected.
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